fund sourcing report!

7/31/2019 Fund Sourcing Report!

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Credit

Policies

Group II


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Policy

A general guideline on how to act in

ordinary or extraordinary that recur

from time to time, bearing in mind the

accomplishment of establishedcompany objectives.


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Credit Policies

Guides in the performances of the

credit functions of the company.

Should be directed to the general

objective of maximizing profits.


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Formulation,Implementation &Communication of Credit

Policies


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Credit Manager-is assigned an

active role in developing the policies

The extent of the details of credit

policies vary from company to

another.

It can be written or unwritten.


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Unwritten policies are workable incertain firms,written policies has

advantages More Precision

More Stability Avoidance of unintentional changes

caused by varied opinions credit

Continuity in credit operations


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Consistency despite personnelchanges

Valuable aid to training Facility for review


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Factors inDeveloping Credit

Policies


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1. Over-all companyobjective

Policies are general guides to

recurrent situations, bearing in mind

over-all company objectives.

Are underlying factors to beconsidered in developing credit

policies.


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2. Other DepartmentPolicies

The credit policies should be

harmonious with established policies

of the other department within the

company.


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3. Competitive conditionsw/in the Industry

Practices w/in an industry, whether

marketing/credit, also have a bearing

on the credit policy of individual

member companies in the industry.


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4. Long & Short rangetrends in the Economy

A good credit policy is flexible through

wide fluctuations in the economy.


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5. Internal Situation in theCompany

Financial condition of the company.

The reliability of credit policies isinfluenced by the financial strength of

the company.

The terms are also affected by the

financial situation.


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6. Profit Margins

High profit margin companies can

afford to have lax credit policies.


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7. Inventories

The quality and quantity of the inventories

should be reviewed in order to adapt the

credit policies accordingly.

Relaxation of the credit policies will enable

the firm to sell obsolescent goods or get rid

of slow or non-moving stock.


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8. Accounting Procedures

Measurement of the credit

departments efficiency and collection

procedures need a thorough

knowledge of the firms accountingsystem.


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Bank credit policies cover loan

functions and include types and

amount of loans, basic for loan

extensions, kind of collaterals within

the purview of the General Banking

Account.


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Credit Policies of Firms other than

bank and financial institutions,

especially trading firms are geared

more to support sales.


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Credit Policies are established inthe ff. order of priorities

Establish company objectives

Establish the credit objectives inrelation to the companys over-all

objectives. Analyze the environment during w/c

period the policy and operate.


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....

Consider competition, the companysfinancial strength, profit margins and

cost, quality and quantity ofinventories.

Write down the policies in

coordination w/ the affected

departments.


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Note:

The policies should not be too liberal

nor too restrictive.

The policies should be between these

two extreme varies from oneenterprise to another.


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Factors Affecting LiberalPolicies

Financial condition of the firm

Large-scale business w/ heavyoverhead.

Keep competition.


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Factors Affecting Liberal

Policies

Liquidation of heavy supply of

merchandise.

Anticipation of declining market.

Prospect of general prosperity.


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Factors InfluencingRestrictive Credit Policy Seller over-extension.

Seller monopoly.

Narrow profit-margin. Unfavorable business conditions or

industry outlook.


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Note:

Agood credit policyshouldencompasses basic company objective

of maximizing sales, reducing losses

due to bad debts.

Avoiding excessive financial burden

to the company at the same time

fosterin customer relation.


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P.S.

A sample of a credit policy and

procedures manual will be given to

everyone.


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Policy on Fund Generation(Fund Raising)

Group II


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Principles of Fund

Raising


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A. Marketing

Skills and techniques of fund raising

used by NGOs & some international

donor agencies.

Sincerity & ethical integrity speciallyapply to fund raising.


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A. Marketing

Fund raiser must be honest convinced

in the integrity of the organization.

k l d f


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B. Acknowledgement ofDonations

Ensure that communities assisted are

aware of the need to acknowledge all

donations, and praise their donors for

their loyalty to their community and

their much needed and appreciated

donation (cash and kind).


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C. Thank You Note.

Many NGO staff have wondered why

enthusiasm for their activities dried

up, and funds cease to roll in; simply

because they forgotten to

acknowledge and thank their donors.


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D. Progress Reports

They want to know what was achieved

w/ their donated money.

Atimely progress report is the most

effective way to thank them. They are more interested in the result

of your activities.


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E. Integrity

Maintain high level of integrity at all

times.

An important aspect of that integrity

is full accountability. Along with accountability is

transparency.


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E. Integrity

Must not have secret agenda, andmust be public and honest about all

its activities and all its expenditures.

This level of integrity is essential for

the sustainability of the group, the

completion of the project, and the

benefit of the community.

F M i i i P i i


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F. Maintaining a PositiveAttitude

Some people , agencies or groups

approached can or will not give to

your community or organization for

one reason or another

F M i i i P i i


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F. Maintaining a Positive

Attitude

Failure to obtain donations doesn't

mean that you or your organization is

a failure.

You may be tempted to be discourageand give up but never allow it to

happen.

G C l l ti d


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G. Calculating andRecording Project Inputs

Maintain accurate records of all

resources used in your community

project.

An accurate estimate of the cash valueof donated resources must be made by

the community.

G C l l ti d


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G. Calculating and

Recording Project Inputs

Financial statements should be

included in the cost estimates of the

project proposal, and should be

recorded during the actual

construction activities.


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Types andSources of

Donations

T d S f


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Types and Sources of

Donations

It describes donations from wide

range of potential donors, except

those from donor agencies which

require formal proposals.

T d S f


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Types and Sources of

Donations

The wide range of potential donors

means there is a wide range of specific

techniques that can be applied to the

process if...


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identifying donors,

getting message to them, collecting the donations and

Don't forget to thank them.

A U b R l


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A. Urban vs. RuralCommunities

There are several differences in

emphasis in techniques of raising

project resources, based on the

different characteristics of

communities.

A U b R l


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A. Urban vs. Rural

Communities

Urban communities are larger and

full of factions and schisms.

Small rural communities are easier to

organize and unite, but there is noguarantee.


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B. Public Raising Events

Large community fund raising events

can be quite elaborated, w/ high

profile officials making speeches, and

rich persons making ostentatious

donations.

C Urban Donors to Rural


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C. Urban Donors to RuralCommunities

Urban migrants maintain links to their

home communities.

Can be persuade to contribute to their

home community.

C Urban Donors to Rural


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C. Urban Donors to Rural

Communities

A feeling of guilt at not being home, or

of loyalty in spite of absence, may

result in some very large donations

from rich urban migrants.


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D. Commercial Donations

Include gifts from firms and

businesses that want to advertise their

will & support of the community.

Should be acknowledge and thanked.


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D. Commercial Donations

Should be encouraged to identify ways

they can convince the commercial

donors that it is the interest of the

commercial donor to assist the

project.


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E. Communal Labor

Communal labor is an important

internal resource.

Involves time and labor donated by

community members, some unskilled,some skilled, management, leadership,

meeting, planning, supervision.


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E. Communal Labor

Encourage the planners and designers

of community based projects that they

should carefully evaluate the cash

value of communal labor.


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F. Agricultural Donations

Farmers may donate food for the

project:

(a)To communal workers who are

working on the project, or(b) to the executive committee to sell

to raise cash for the project.


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F. Agricultural Donations

They may also donate other resources

off their farms which may be used

directly or indirectly for the project.

G Donated Food


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G. Donated FoodPreparation

While farmer may donate food for the

project, it still needs to be prepared

for eating.

G Donated Food


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G. Donated Food

Preparation

May include people who donate the

preparing of food and refreshments.

Do not forget to thank the people who

cook and prepare food for communallaborers.

H Contributions and


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H. Contributions andPledges

it may be made at public community

fund raising event.

Participants make their decisions to

donate in public meeting or event.


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I. Anonymous Donors

Anonymous donors are benefactors

who wish remain unknown. They

often have private ideological or

religious reason, but wish to remain

unpublicized.


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Conclusion

Anonymous donors are benefactors

who wish remain unknown. They

often have private ideological or

religious reason, but wish to remain

unpublicized


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Conclusion

When mobilizing a community to

undertake a community based project,

encourage them to identify a variety of

outside resources and persuade them

to identify and mobilize many of their

own internal resources.


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Conclusion

Obtaining resources for a community

project is a honourable and valuable

responsibility so do it with

enthusiasm, integrity and confidence


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THANK YOU!

GOD BLESS!

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